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BUSINESS NEWS

Zimbabwe unveils fund to support value chains

The Government of Zimbabwe has launched the Industrial Development Fund (IDF) to support the strengthening of domestic value chains, promote industrial growth, and increase the export of value-added g...

By Staff reporter | Published: 24 April 2025

MINING & RETAIL

ALROSA to double investment in Zimbabwe's diamond sector

ALROSA, the world's largest diamond producer by output, has announced plans to double its initial investment in its joint venture with the Zimbabwe Consolidated Diamond Company (ZCDC), in a move that ...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

ZITF Company secures US$12 million for shopping complex

The Zimbabwe International Trade Fair (ZITF) Company has announced a major milestone in its transformation, securing a US$12 million investment for the construction of a modern shopping centre at its ...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

UK pledges stronger trade and investment ties with Zimbabwe

The United Kingdom has reaffirmed its commitment to strengthening relations with Zimbabwe, placing a particular focus on boosting trade and investment between the two countries. This was revealed by B...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

SMEs drive Zimbabwe's manufacturing sector

Zimbabwe's manufacturing industry is largely being sustained by small to medium enterprises (SMEs), with fresh calls emerging for a strategic revival of the sector amid concerns over fluctuating perfo...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

Chiwenga urges private sector to drive Zimbabwe's industrial revival

Vice President Dr Constantino Chiwenga has underscored the indispensable role of the private sector in spearheading Zimbabwe's industrial transformation, calling for deeper collaboration between gover...

By Staff reporter | Published: 24 April 2025

LANDS & AGRICULTURE

Tobacco farming expands to Matebeleland South

Zimbabwe's tobacco sector is seeing renewed growth in previously untapped regions, with Matebeleland South emerging as a promising new frontier for the country's second-largest foreign currency earner...

By Staff reporter | Published: 24 April 2025

MINING & RETAIL

UK firm secures US$5m to fund gold mines in Zimbabwe

United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...

By Staff reporter | Published: 24 April 2025

POLITICS

Mnangagwa's govt sunk US$10m into chaotic Uhuru fete

The Zimbabwean government could have sunk up to US$10 million into the Independence Day celebrations held on Friday, which were marred by a series of embarrassing infrastructure failures and poor work...

By Staff reporter | Published: 21 April 2025

BUSINESS NEWS

CABS renews US$40m facility to support the economy

The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...

By Staff reporter | Published: 21 April 2025

FINANCIAL SERVICES

Afreximbank says globalisation is under life support

Globalisation is under threat amid rising protectionism which must force African countries to look inwards for growth and development, Afreximbank president Benedict Oramah has said.The world is in a ...

By Staff reporter | Published: 18 April 2025

INDUSTRIALS & ENERGY

Varun Beverages is reshaping Zimbabwe's consumer market

WHEN Varun Beverages Zimbabwe began commercial production in January 2018, it had a single production line.Today, the company boasts four backward-integrated lines manufacturing bottle closures and pr...

By Staff reporter | Published: 18 April 2025

MINING & RETAIL

Modi acquires Choppies for US$260,000 after selling it for US$22 million

Deputy Industry Minister and prominent businessman Raj Modi has acquired Choppies Zimbabwe for just US$260,000, marking a dramatic turn in the retail chain's fortunes more than a decade after the Bots...

By Staff reporter | Published: 17 April 2025

TELECOMS & TECHNOLOGY

Vodacom supports Starlink being blocked in South Africa

Vodacom says satellite operators like Starlink should be held to the same standards as terrestrial operators, particularly regarding local ownership, control, social obligations, performance, and sanc...

By Staff reporter | Published: 17 April 2025

TRANSPORT & TOURISM

Zupco in drive to procure 500 buses

ZUPCO is set to kick off the long-awaited procurement of hundreds of new buses within the next three months, marking a significant step forward in efforts to modernise Zimbabwe's public transport syst...

By Staff reportetr | Published: 17 April 2025

BUSINESS NEWS

ZITF 2025 shatters records

The Zimbabwe International Trade Fair (ZITF) has reached full capacity ahead of its 2025 edition, following an unprecedented surge in interest from local and international exhibitors. The overwhelming...

By Staff reporter | Published: 17 April 2025

BUSINESS NEWS

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...

By Staff reporter | Published: 17 April 2025

MINING & RETAIL

Zimbabwe's mineral revenues decline despite volume surge

Zimbabwe's mining sector delivered a mixed performance in the first quarter of 2025, with mineral export volumes registering notable growth, but overall revenues falling sharply. This is according to ...

By Staff reporter | Published: 17 April 2025

BUSINESS NEWS

Zimbabwe extends duty-free import window for bus operators

The Government has extended the duty-free bus import facility to April 30, 2025, in a move aimed at further revitalising Zimbabwe's public transport system and ensuring affordable, reliable services f...

By Staff reporter | Published: 17 April 2025

POLITICS

Why Zanu-PF won Glen View South seat

ZANU-PF has reclaimed the Glen View South constituency in a closely watched by-election, with its candidate Tsitsi Tawomhera securing victory.Zanu-PF's campaign focused heavily on infrastructure rehab...

By Staff reporter | Published: 17 April 2025

MINING & RETAIL

Zimbabwe's steel revolution begins

Zimbabwe has taken a major step toward economic transformation and self-sufficiency with the launch of full-scale finished steel production at the Dinson Iron and Steel Company (Disco) plant in Manhiz...

By Staff reporter | Published: 17 April 2025

BUSINESS NEWS

Zimra in tax compliance drive

The Zimbabwe Revenue Authority (Zimra) has introduced a series of taxpayer self-service kiosks across the country in a bid to simplify and improve the tax compliance process for individuals and busine...

By Staff reporter | Published: 16 April 2025

BUSINESS NEWS

Labour Court reinstates ZCTU's secretary-general

In a significant legal ruling, the Labour Court of Zimbabwe has annulled the Zimbabwe Congress of Trade Unions (ZCTU)'s decision to retire its secretary-general, Japhet Moyo, at the age of 60. Justice...

By Staff reporter | Published: 16 April 2025

EDUCATION

Zimbabwe police crush UZ lecturers' demonstration

Police once again displayed heavy-handed tactics on Wednesday morning, arresting leaders of a demonstration by University of Zimbabwe (UZ) lecturers who were demanding a salary review. The arrested le...

By Staff reporter | Published: 16 April 2025

POLITICS

Zanu-PF intensifies membership mobilisation in Bulawayo

The ruling Zanu-PF party has escalated its grassroots mobilisation efforts in Bulawayo, with party leaders urging members to focus on aggressive recruitment, particularly targeting the youth, in prepa...

By Staff reporter | Published: 16 April 2025
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